Which one to trade, or has the world really turned upside down and Bitcoin has finally taken over from Gold?

Yeah, right.....

Trade both - this could become a fantastic Arb play

Buy Gold - Sell BTC

The Isaac Newton Trade

Written by Site admin

Sunday, 03 December 2017 19:50

Isaac Newton was a very clever man. Mathematician, Astronomer, Agriculturist, Theologian and Physicist, read about his incredible achievements here in Wickpedia.

Regrettably, clever men are just as falible (dumb stupid) as anyone else when it comes to playing in the markets as a newbie. Our egos tell us it can't be that difficult as we know all there is to know about Astronomy, Physics, Banking Finance, HR, electronics, being a big shot entreprenuer, etc., etc. For those to whom humility doesn't come easily, the markets will be a painfully great leveller.

From the blog

Deep Survival: Who Lives, Who Dies, and Why by Laurence Gonzales (published 2004, W. W. Norton & Company) has many lessons for traders and here is one of them:

There is a Korean martial art called Kum Do. This is a brutal game that involves a fight to the death with very sharp swords. The way it is practiced today is with bamboo sticks, but the moves are the same. Kum Do teaches the student warriors to avoid what are called “The Four Poisons of the Mind.” These are: fear, confusion, hesitation and surprise.